Guideline Value for SEELAPATHY BASKARAN STREET

Seelapathy Baskaran Street guideline value

The current guideline value of Seelapathy Baskaran Street is Rs 3,190 per sq.ft, effective from 1 July 2024. This street is located in Perumalagaram village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class V Type - I.

How the guideline value of Seelapathy Baskaran Street has changed

The guideline value for Seelapathy Baskaran Street has seen several revisions over the years. Starting from the 2012 revision, the value was Rs 2,900 per sq.ft. This figure remained until the 2017 revision, where it dropped to Rs 1,943 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 2,900 per sq.ft in the 2023 revision, and further rose to Rs 3,190 per sq.ft in the 2024 revision, which is a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The current value of Rs 3,190 per sq.ft aligns with the median guideline value of Rs 3,190 per sq.ft for 74 streets in Perumalagaram under the Chennai South Joint II SRO.

Guideline values in Perumalagaram

In Perumalagaram, the guideline values range from Rs 825 to Rs 7,920 per sq.ft, with a median value of Rs 3,190 per sq.ft. Seelapathy Baskaran Street's 2024 figure matches this median. The following are other streets in Perumalagaram:

• Sathya Narayanan Street: Rs 3,190 per sq.ft (2024)
• Sathyabama Street: Rs 3,190 per sq.ft (2024)
• Santhana Lakshmi Street: Rs 3,190 per sq.ft (2024)
• Sanjay Gandhi Nagar Main Road: Rs 2,750 per sq.ft (2024)
• Sanjay Gandhi Nagar 2nd Cross: Rs 2,750 per sq.ft (2024)
• Sanjay Gandhi Nagar 1st Cross: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Seelapathy Baskaran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,190 per sq.ft, the total guideline value would be Rs 31,90,000. The stamp duty at 7% would amount to Rs 2,23,300, while the registration fee at 2% would be Rs 63,800. Together, these fees would total Rs 2,87,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Seelapathy Baskaran Street?

The Sub Registrar Office that covers Seelapathy Baskaran Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Perumalagaram

The guideline value plays a crucial role during the registration of property transactions in Perumalagaram. It is used to determine the stamp duty and registration fees that must be paid at the time of property registration.

When a property is bought or sold, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Seelapathy Baskaran Street?

The current guideline value of Seelapathy Baskaran Street is Rs 3,190 per sq.ft, effective from 1 July 2024.

How often does the guideline value get revised?

The guideline value is revised periodically, with the most recent revisions occurring in 2012, 2017, 2023, and 2024.

What was the guideline value in 2017?

The guideline value for Seelapathy Baskaran Street in 2017 was Rs 1,943 per sq.ft.

What are the stamp duty rates for property transactions?

The stamp duty rate is currently 7% of the guideline value or the sale price, whichever is higher, and the registration fee is 2% of the guideline value.

Where can I find the Sub Registrar Office for Seelapathy Baskaran Street?

The Sub Registrar Office for Seelapathy Baskaran Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.